Courthouse News Service – Chevron Levels RICO Charges Over $113B Trial in Ecuador
Chevron filed suit Tuesday against the dozens of people and companies behind an “extortionate” $113 billion environmental lawsuit that the oil giant faces in Lago Agrio, Ecuador.
Over the past few months, Chevron has been conducting discovery in courts throughout the United States to retrieve evidence that it hopes will prove the multibillion dollar litigation is tainted by a conspiracy of misconduct.
The environmental lawsuit seeks damages for alleged contamination caused by Texaco, which Chevron later acquired, during 30 years of oil drilling in the country. Chevron contends that Ecuador’s state-owned oil company, Petroecuador, assumed operation of the Texaco oil fields in the 1990s and their own mismanagement brought about disastrous environmental consequences.